Bank of Mexico

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Bank of Mexico Banco de México
Bank of Mexico headquarters in Mexico City
Headquarters	Mexico City, Mexico
Coordinates	19°26′06″N 99°08′26″W / 19.434893°N -99.140427°E / 19.434893; -99.140427Coordinates: 19°26′06″N 99°08′26″W / 19.434893°N -99.140427°E / 19.434893; -99.140427
Established	1 September 1925
Governor	Agustín Carstens
Central Bank of	Mexico
Currency	Mexican peso
ISO 4217 Code	MXN
Base borrowing rate	8.25
Website	www.banxico.org.mx

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The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.

On December 15 2009, Agustín Carstens was confirmed by the Senate as the new Governor of the Bank of Mexico with 81 votes in favor and 19 votes against. He is due to take office on 1 January 2010.^[1]

Contents 1 History 2 See also 3 References 4 External links

[edit] History

• 1 September 1925: creation of the Bank.
• July 1931: Monetary Law constituted.
• 1935: silver crisis (important increase of the silver price)

[edit] See also

• Mexican peso
• Economy of Mexico

[edit] References

[edit] External links

• Official site of Banco de México

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